Breaking: New York Knicks center Mitchell Robinson has suffered a broken right pinky finger and there is no timetable on his return, sources tell @ShamsCharania.
Introducing Lobby Landing Pages! You can now create landing pages that showcase multiple Roam Lobbies in one place, making it easier to guide guests to the right meeting. Let visitors choose a meeting type, topic, or host so they can quickly find the best destination and book time with the right person or team. Perfect for sales, support, recruiting, or any team managing multiple booking paths.
I'm 19 years old.
At 16 I sold my unblocked gaming website for $100k.
At 18 I sold Cal AI while at $40M ARR.
Now, my co just hit $300K MRR a month after launch.
The most important lesson I've learned to be successful in consumer is to dumb everything down.
1) Demonstrate the value of your product in 3 seconds or less in any advertising material.
2) Write messaging as if you are talking to a 3rd grader.
3) Make buttons so obvious that you can't get lost.
The is the key concept that makes apps viral and also high converting.
Big shout-out to @roam.
A teammate had a product suggestion. Nothing big - just a little idea to remove a minor, annoying point of friction that crops up most days in using Roam.
I passed the suggestion along at 3:02 PM on Tuesday.
It was built by 10:30 AM Wednesday.
Wow.
April @roam !nvestor Update
+ARR +123% YoY, $3.25m
+ARR +6.8% vs last month
+1,006 logos
+1,000,000 meetings, ~5,000,000 chats
-115% NDR
*The Office That Thinks* ... Where People & AI Agents Collaborate.
Agree or disagree, Walrath provides smart, insightful, and eloquent analysis. So refreshing in a world of increasing vitriol, trolling and slop. Welcome back, Mike!
Respectfully, @allinpod and @davidsacks@friedberg and @chamath are getting it wrong on the Medallia meltdown. Tying to AI eating their business is premature and doesn't reflect what is most likely driving this. There's plenty to pick on here, and if they're not innovating the AI risk is FUTURE risk - but too much emphasis on that in the breakdown.
The actual problems here are a bit simpler:
- exorbinant entry price 11.5X revenue and 145x EBITDA for a business growing less than 20% per year
- slowing growth rate (like everyone else)
- not profitable enough to sustain debt and allow refinance
- tough choice for Thoma Bravo to either put more equity in or let it go.
This deal was a catastrophically bad entry point, into a business that had to assume growth acceleration to EVER get to an exit price that worked. Absolute top of market that has fallen precipitously since the deal.